Diamond Trade Is Roaring Back Thanks to Stuck-at-Home Shoppers

Factories in the industry’s “engine room” — the Indian city of Surat — are so desperate to boost production that the most-skilled cutters and polishers are being headhunted with offers of 50% pay hikes and perks like free food and housing. Miner De Beers is poised for its biggest rough-diamond sale in three years, even after raising prices, and rival Alrosa PJSC said this week it expects the recovery will keep going for some time. Read more (Bloomberg)

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